Experts split over Blockchain function

Banks and exchanges have been piling into various blockchain initiative but doubts persist over the role of the new technology

The finance industry is said to have
ploughed more than $1 billion into blockchain since the start
of last year but firms are still unclear on how the technology
might be implemented and when, writes Julie
Aelbrecht.

Distributed ledger or
blockchain–based technology has been a hot topic in
the financial markets for the past year. The major banks and
exchanges are either funding start ups or developing the
technology internally, a top US regulator has called for "do no harm" regulation and the UK
scientific adviser gave blockchain an honourable mention in his
yearly report.

Yet there remains doubt over key issues,
namely what is its role and when will it be ready?

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